Seaborne iron ore prices rose on Tuesday February 4 alongside an uptick in buying activity in the seaborne spot market.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $83.76 per tonne, up $3.38 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $82.60 per tonne, up $3.18 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $85.10 per tonne, up $3.49 per tonne.
58% Fe fines high-premium, cfr Qingdao: $71.06 per tonne, up $3.29 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $99.60, up $4.30 per tonne.
62% Fe fines, fot Qingdao: 636 yuan per wet metric tonne (
implied 62% Fe China Port Price: $82.97 per dry tonne), down 10 yuan per wet metric tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.26 per dry metric tonne unit, down $0.0050 per dmtu.
Key drivers
Market participants are still waiting to see what the short-term impact of the novel coronavirus will be, but most believe the epidemic...